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SECTION IV. The Common Council hereby confirnns its Declaratory Resolution designating <br />the area described herein as a Residentially Distressed Area for the purposes of tax abatement. <br />Such designation is for Real property tax abatement only and is limited to five (5) calendar years <br />from the date of adoption of the Declaratory Resolution by the Common Council. <br />SECTION V. The Common Council hereby determines that the property owner is qualified for <br />and is granted Real property tax deduction for a period of five (5) years, and further determines <br />that the petition complies with Chapter 2, Article b, of the Municipal Code of the City of South <br />Bend and Indiana Code 6-1,1-12.1 e seQ. <br />SECTION VI, This Resolution shall be in full force and effect from 'and after its adoption by the <br />Common Council and approval by the Mayor. <br />Member of the Common Council <br />K.•~~ 4 Ek~ ~~ P .. <br /> <br />NDT AP~RQY~EA <br />~DQPTf~ <br />3 <br />~~~~~ ~n ~l~~k'g ~$~~GI~ <br />,~ns~~7a'dCY~7RCE <br />C1'f'f GL~s'~t'•~, ~G. E~~'D,1N. <br />